Saving money should always be a priority – no matter what phase of life you are in. Whether retirement is looming, an emergency strikes or your kids are headed off to college soon, your savings is the most likely place that you’ll dip into.
It’s important to know, though, that not all savings accounts are created equal. For example, a savings account is great for an emergency fund, but it’s not ideal for retirement planning.
Ironworkers USA Credit Union offers all of these savings options, plus more specialized ones like Christmas Club and Youth accounts. All savings accounts at Ironworkers USA Credit Union offer higher interest rates than traditional banks because we are a member-owned financial cooperative, which means we are focused on returning our profits back to you, our members. Traditional banks are in business to make money for their shareholders; therefore, they aren’t able to offer the best interest rates to their customers.
If you have accounts with other financial institutions, now is a great time to switch your accounts to Ironworkers USA Credit Union so you can take advantage of the excellent rates our savings accounts offer. No matter how much you have in the bank or what type of accounts you have, you can easily transfer it into a Credit Union account. Whether it’s $100, $1,000 or $100,000, we can invest it for you, and your money will earn 10 times more interest than it would in a traditional bank.
| ACCOUNT TYPE | USE | DEPOSIT/BALANCE | APY RATE |
|---|---|---|---|
| BASIC SHARE (SAVINGS) ACCOUNT | This is your membership account and gives you access to all the services the Credit Union offers. Good for general savings for emergencies. Easy access to cash. | $5 minimum balance | .10% APY |
| SPECIAL CLUB/MONEY MARKET ACCOUNT | Good account for saving for specific purposes: vacations, taxes, college tuition. Easy access to cash. | Earn dividends with minimum $100 balance | .50% APY |
| INDIVIDUAL RETIREMENT ACCOUNT (IRA) | Best choice for saving for retirement. Options of Traditional, Roth or Education IRA. IRAs are insured separately, up to $250,000 per member. | $100 minimum balance | .501% APY |
| SHARE CERTIFICATES/CDS | Good place to earn higher returns on your money. More restrictive access. Must lock in for specific length of time to receive rates. Can choose CDs between 6-60 months. | $500 minimum deposit | 1.00-3.00% |
Getting started is easy. Just give us a call at 877-769-4766 or stop into one of our branches, and we’ll help you decide which saving account is right for you!
